created by Glenn Tamashiro

Hello and welcome. This site was developed to keep you informed about the various lessons and activities that are held in our Government/Economics and Honors Government/AP Macroeconomics classes.

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APMacro P5-6: IES Country Classification


Material-World-Peter Menzel
Each country at the Summit is classified into one of three categories: Division 1, Division 2, or Division 3 countries. The basis for this classification system is gross domestic product (GDP) per capita. Each category has its own set of characteristics in the areas of currency, export total, cash endowment, and foreign aid.

Division 1 Country
The Division 1 Countries category represents those countries that have the highest standards of living. In your research, you may have come across different names for this group of countries, such as industrialized or developed countries. The Division 1 Countries currency is called the WELCO. The WELCO is the basic unit of value and is the most valuable currency at the Summit. Division 1 Countries have the largest number of exports, cash endowments, and give foreign aid cash to Division 3 Countries.

Division 2 Country
The Division 2 Countries category contains those countries that have fairly decent living standards, but clearly are not as advanced as the Division 1 Countries. In your research, you may come across names such as developing or emerging market economies that describe this category. Division 2 Countries use a currency called the DEVCO. The DEVCO is worth half as much as the WELCO. Division 2 Countries have fewer exports and less cash than Division 1 Countries.

Division 3 Country
The Division 3 Countries category contains those countries that are very poor and have the lowest standard of living on the planet. In your research, you may have come across names such as less developed or underdeveloped to describe this category of countries. Division 3 Countries use a currency called the LESCO. The LESCO is worth half as much as the DEVCO. Division 2 Countries have the fewest exports and the least amount of cash of any of the three categories. Division 3 Countries have foreign aid vouchers that can be exchanged for cash.


1) Standard of Living Analysis p.23

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APMacro P2: Big Risk


fanned-suit-clubs-playing-cards
Using a deck of 12 cards, students will pull a card from the deck to determine which items will be affected. Uninsured students will experience losses in all categories affected by pulling a card from the deck. The simulation represents five years. Students will pull a card five times. Shuffle the cards before choosing one for each year. At the end of the five years, the students should calculate the total amount spent for the five-year period.

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Gov: Congressional Committees


US_Congress_House_Committee_Foreign_Affairs_2013_-North_Korean_Nuclear_Program_hearing_1
Both the House and Senate depend upon committees to consider the thousands of bills that are proposed each session. Committees are the key power centers in Congress. Lawmakers in committees listen to supporters and opponents of a bill, work out compromises, and decide which bills will or will not have a chance to become law. Through public hearings and investigations, committees bring issues and problems to the public. Congress has four basic kinds of committees: (1) standing committees, each with several subcommittees that specialize in a subcategory; (2) select (or temporary) committees; (3) joint committees made up of House and Senate members; and (4) conference committees that resolve differing versions of a House and Senate bill.

Assignment to the “right” committee can help congressional careers, putting members in a position to act on bills important to their constituents, to influence national policies, and to influence other members in Congress. Party leaders in both the House and Senate have the job of assigning members to a limited number of standing committees and subcommittees. The chairpersons of standing committees are the most powerful people in Congress.

A law starts as a bill, which is introduced and sent to the appropriate committee for study, discussion, and review. Bills that survive committee review are put on one of the five House calendars. The House Rules Committee then decides whether to move the bill ahead, hold it back, or stop it completely.

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APMacro: IES Investment Rates and GDP per Capita


INvestment Rates and GDP per Capita 05.23.2016
The term investment is often used in a variety of ways. Investment represents actual materials, research and development purchased and used today to produce goods and services in the future. For our purposes here, we are referring to the part of investment that is reflected in GDP, specifically the spending on new equipment, software, and structures that add to a country’s stock or amount of capital. Gross Domestic Product can be separated into four components that include consumer spending, business investment spending, government spending, and net exports. (GDP = C + I + G + X) The “I” represents the amount spent on new equipment and factories, which adds to the total amount of the capital factor of production. Investment is a key factor in growing GDP.


1) Investment Rates and GDP per Capita pp.21-22

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APMacro P2: PF Insurance


types-of-insurance
Insurance can help you manage the risks of rare, but expensive events, throughout your life such as car accident, theft or fire. Without the protection of an insurance policy, you would be responsible for covering the loss you experienced. Insurance provides a way to reduce the risk of financial loss. The function of insurance is simply to restore your property and possessions to the point it was before the incident occurred, to re-establish normalcy in your life. The purpose of insurance is to spread risks out over many people. The economic structure of insurance is built around a system in which the cost of the losses of the few is shared among the many. Insurance can be viewed as a large pot into which all premiums are placed. The pot has to provide for payment of the losses of those who have claims. Insurance is all about managing risk and providing financial compensation in the event of a loss.

The decision to buy insurance depends on individual judgment about the future. The general guideline is not to allow a large portion of potential loss to remain uninsured. To illustrate some of the risks associated with choosing or refusing to purchase insurance, the class will participate in the big risk simulation activity. Students are to imagine that they have just graduated from high school. They own a number of assets that they are thinking of insuring, including an automobile, inherited jewelry, a rare coin set, and the contents of their rented apartment. Their employer provides a health insurance plan they can purchase. Students will examine the possible risks and dollar costs of insuring various things they would like to insure. They may not spend more than $2,900; they may spend less. Students will not be able to insure all items.

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Gov: Congressional Leadership


Congressional Leadership
Congress is a fragmented institution. It has no single leader; rather, the House and Senate have separate leaders, neither of whom can presume to speak for the other chamber. The principal party leaders of Congress are the Speaker of the House and the Senate majority leader. They share leadership power with committee and subcommittee chairpersons, who have influence on the policy decisions of their committee or subcommittee.

The main task of each house in Congress is to make laws. The committees of Congress perform most legislative activity. The majority party in both the House and Senate gets to select the leaders of that body, control the flow of legislative work, and appoint the chairs of all the committees. The Speaker of the House has great power presiding over House sessions.

Leadership in the Senate closely parallels leadership in the House, but the Senate has no Speaker. The vice president presides but cannot vote except to break a tie. The majority party leader steers the party’s bills through the Senate. The minority leader critiques the majority party’s bills and keeps his or her own party united. Senate leaders control the flow of bills to committees and to the floor.

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APMacro P5-6: IES Human Development Index


Summit HDI
The United Nations developed what is known as the Human Development Index, The HDI covers three areas: life expectancy, education, and GDP per capita and offers a broader measure of the standard of living than GDP per capita alone. The Human Development Index was created to emphasize that people and their capabilities should be the ultimate criteria for assessing the development of a country, not economic growth alone. The Human Development Index is a summary measure of average achievement in key dimensions of human development: a long and healthy life, being knowledgeable and have a decent standard of living. The HDI does not reflect on inequalities, poverty, human security, empowerment, etc.


1) Human Development Index pages 19-20 #1-3

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